In the context of the technical and digital transformation processes taking place in the Kingdom of Saudi Arabia, in an effort to keep abreast of the strategic plan towards the transition to e-government transactions, the Saudi Postal Corporation has created a "national address" to cover all regions of the Kingdom from the lowest to the maximum and develop it according to studied standard and technical specifications.

It has become obligatory for all individuals and establishments within the Kingdom to register in the national address, in implementation of Cabinet Resolution No. 252 issued on 7/24/1437 AH, where recently the registration service was available electronically in the national address. Through this article, we review the importance and mechanism of registration in the national address.

The importance of registration in the national address
Registration in the national address helps to complete many transactions with various governmental and commercial bodies or to benefit from public services and facilities within the Kingdom. Below are the most important advantages that accrue to the customer thanks to registration in the national address.

What are the services of the Saudi payment network “Mada”?

The national address is a mandatory requirement for completing banking transactions.
Take advantage of delivery and receipt services for vehicles insurance policy.
Ease of delivery of local and international purchases to the main address as well as the ability to deliver postal and parcel items to your address.
Ease of communicating in-kind needs to the address of the social security beneficiaries.
Make faster use of public services and facilities such as emergency services (ambulance and civil defense), health services, water and electricity services, communications services, and municipality, educational services for students.
Take advantage of the Absher services to receive documents, such as: passport, vehicle license, expatriate residence.

10 steps to register individuals for a national address via the website
1-Visit the page for registering a national address on this link
2-Then, clicking on the icon for registering individuals for citizens and residents
3-Then click on the new registration icon for citizens and residents
4-See the terms and conditions and then agree to them and then go to the individuals registration icon.
5-Enter location information, such as selecting a region, city, and neighborhood, and type the four-digit building number.
6-Verify that the site information is correct.
7-Enter personal information such as national identity and nationality, name, mobile and email.
8-Entering home information such as type of housing, ownership of housing, unit number, etc.
9-Enter the verification code sent to the registered mobile and press the Next icon
10-Review the data entered and then press record

Components of the national address
The national address consists of six main parts, as follows:

1-Building Number: A four-digit number that represents the number of a residential or commercial building inside the postal code.
2-Street name: The street on which the main entrance to the building or shop is located.
3-Neighborhood: The name of the neighborhood in which the building is located.
4-City: The name of the city in which the address is located.
5-Postal code: A five-digit postal code covering the specified area.
6-Supplemental number: A number consisting of four and similar to the building number.

Financing is a credit means that enables the customer to borrow a certain amount of money in order to achieve his financial goals, and then he is obliged to pay the amount of the financing amount plus the costs related to it on the number of periodic installments for a specified period of time, according to the agreed financing contract. The customer may falter in paying the installments as a result of a sudden change in his financial position or mismanagement of the utilization of the financing and the failure to allocate a portion of the income to pay the installments.

When does a person get stuck?
A person becomes falter if he loses his ability to abide by his financial affairs due to the licensed financing bodies who in turn update the credit report of their clients to the licensed credit information companies in the Kingdom, such as the Saudi Credit Information Company “SIMAH”. This report contains information and data related to credit products obtained by the customer, including credit products that have been defaulted for 5 years.

Penalty for defaulting on loans
The default penalty for loan repayment varies according to the client’s conditions as well as according to the terms and conditions mentioned in the terms of the financing contract, among which:

Difficulty obtaining other financing in the near future.
Freezing bank accounts and reserving customer balances in accordance with the decisions of the concerned authorities in this regard.
The property may be seized if the financing is subject to a guarantee in accordance with the applicable laws and regulations.
Legal accountability and prosecution by creditors.

4 steps to help you avoid defaulting 
*Limiting borrowing to necessary and important matters and not borrowing more than needed.
*Organizing financial matters and ensuring that the monthly income is sufficient to cover the monthly expenses in addition to loan installments.
*Ensure that there is sufficient balance in the account before the installments are due.
*Immediately notify the bank in the event of changing financial conditions, such as changing salary, employment, or any developments that affect the fulfillment of the financial obligations owed.

[6 things that help you pay off debts]
The role of the Saudi Arabian Monetary Agency
The Corporation stressed the need for the funding agencies to take into account the troubled client’s conditions when any judicial decision is issued in their favor in the event that the customer provides the necessary guarantees. These entities are obligated to provide the option to reschedule the debt with the possibility to change the cost of the term without any additional fees.

The Corporation also obligated banks and finance companies not to deduct any amount from the customer’s account without a judicial ruling to that effect, but the financing authorities have the right to take regular measures against defaulting clients, including resorting to the competent judicial authorities, according to the decisions issued by the Saudi Arabian Monetary Agency , Provided that the clients are notified before taking any action against the customer in case he fails to pay for more than three consecutive months or five separate months during the financing period, provided that the last attempt to contact the customer through the national address.

Source: SAMA website

In April 2018, the Saudi Arabian Monetary Agency issued collection controls and procedures for individual customers, and these regulations set out the mechanism that financing agencies (banks and financing companies) must follow when communicating with individual customers and their guarantors with a view to collection in a way that guarantees the rights of all parties.

According to these controls, customers can, when their financial circumstances change, benefit from rescheduling the debt, and funding agencies are obligated - based on the customer’s request - to reschedule the debt in the event that the customer’s financial position is proven (compulsory) without giving new financing and without any additional fees and without any change At term cost. Funding parties are also obligated to reschedule the debt - based on the request of the client - in the event that the circumstances of the client are changed (optional) with the possibility of changing the cost of the term and without any additional fees. In these two cases, the financing contracts granted with the original guarantee are excluded.

 No one can doubt the increase in demand for financing products in the Kingdom, Tayseer finance obtained official licenses that allow it to provide various types of financing for individuals and companies, to provide the company with many facilities and quick response to the requests submitted to it.

The best personal finance company without a sponsor:

The conditions of Tayseer financing are considered the best in the finance field, Tayseer Finance is one of the best companies in Saudi Arabia that provides personal finance with easy and quick procedures. This is because they offer loans without a guarantor and do not require a salary transfer to a specific bank.

* This is in addition to the fact that the financing is fully compliant with the rules of Islamic sharia, with easy terms and there are no hidden or unclear fees.

* The value of the financing ranges from 20,000 Saudi riyals to 200,000 Saudi riyals. The application is approved very quickly, so there is no time for customers to waste.

* The financing only needs 60 minutes to be approved, because the company fully appreciates the value and importance of time.

* If you want to pay the financing contract early, this is your right, to pay the remaining amount in full. This is with the addition of three months in the future, and until you know the estimated amount for the early settlement.

* The company also gives the client the right to pay the financing contract early and pay the remaining amount in full. The company doesn't accept cash salaries, as the minimum financing amount is 20 thousand Saudi riyals, and the maximum is 200 thousand Saudi riyals.

* It is not required to transfer the salary to a specific bank.

* The company has a variety of conditions for Tayseer financing and easy ways to pay installments to facilitate customers, including payment with MasterCard, Visa, Apple Pay, and STC card.

* The financing is Shariah-compliant.

* It provides flexible contracting with a repayment period starting from 12 months and up to 60 months.

* You can register in your account or contact the company via the number 920010181.

What are the conditions of Tayseer financing?

 The registration steps quickly and without complications. The customer performs all the registration steps through the company's official website, and with advanced technologies, it provides the best financing products to customers. The care conditions of Tayseer financing are as the following;

* The age of the applicant for personal finance must not be less than 19 years.

* Personal finance is not limited to those who hold Saudis only, but residents also get it.

* A three-month work period is required for the government sector, six months for the private sector, and one year for residents.

* As for the salary, the minimum salary for Saudis is 3800 riyals, and up to 7000 Saudi riyals for residents.

* The national identity card is for Saudis and the residence card is for residents, and it is valid.

* Submit a letter explaining the person's salary after documenting it from the Chamber of Commerce for the private sector.

* A bank statement is submitted in the person's name for 3 months.

* Provide proof of national address, such as an electric bill.

Tayseer Finance Company No:

 The company provides many ways to communicate with customers, and this is one of its advantages. It has the best and fastest customer service, whether via email or the app. Or through social networking sites, especially Facebook and Twitter. This is in addition to the following contact numbers:

Toll-Free: 8001160011 Fixed number: 00966138921855 Unified Number: 8001160011

Follow Tayseer Finance on Twitter here.

In addition to a Facebook page.

The financing for restaurants and kitchens is provided by Tayseer Finance to establish these projects, which have increased in demand by entrepreneurs due to their large profits, which are achieved if the restaurant is well-financed from the beginning, and then managed professionally and provides food with excellent quality with excellent and professional marketing to achieve great successes, all of this, of course, needs your support and financing that you want with easy terms.

The Best Financing for restaurants and kitchens:

Many financing services are provided by Tayseer Company to clients, including its financing for restaurants and kitchen projects. It provides the financing required for equipment, kitchen utensils, coffee makers, as well as ovens of all types and sizes.

Funding helps you expand the activity, establish new branches, and distinctively develop your restaurant services. Therefore, the company provides a lot of financing solutions that the project owner can choose from.

Simply you can prepare these documents to be submitted, they are as follows:

* The client submits the financing application form with his signature.

* The company's articles of incorporation are presented stating the powers of the manager.

* The project owner shall submit the financial statements for the last three years, to be audited by the legal auditor.

* Status card for the owner or owners of the medical facility.

* Submit your bank account statement for the last three months.

* The owner of the medical facility shall provide proof of the national address, including electricity and water bills.

* Submit a copy of a valid main and subsidiary record.

* Social insurance statement.

Advantages of financing restaurants and kitchens from Tayseer:

Tayseer Finance provides financing for restaurants and kitchen projects, making them more powerful. Because the owner of the project can provide all the required tools and equipment, with the possibility of establishing new branches. Therefore, customers achieve many benefits and endless advantages when dealing with the company, including the following:

* Tayseer provides financing for all types of restaurants and kitchens.

* The financing period is up to 36 months.

* Premium payments and financing commissions.

* Go through easy and quick procedures to obtain financing.

* Tayseer is one of the largest financing companies in the Kingdom, and it has official licenses that allow it to provide all types of rental and personal financing and financing to small and medium enterprises.

* It offers the best types of equipment and devices because it cooperates with the largest suppliers.

* Tamweel offers easy and flexible financial payments.

* Sharia-compliant financing for restaurants and kitchens.

* Very quick response to customer financing requests.

* The customer can calculate the installments using the financing calculator provided by the company on its website.

* The calculator quickly presents the amount of the monthly installment and shows the annual percentage rate (APR).

* A customer relationship manager is provided.

* The term of the financing contract is flexible.

* Customer service is available around the clock, with experts who can solve and deal with problems.

* Finance up to 100%.

* The customer gets an immediate answer to all questions and inquiries.

* The company provides free financial advice, which clients get through a trained team.

* The financial financing provided by the company to establishments with innovative solutions that facilitate payment is suitable for all customers.

* The customer can choose between more than one payment method quarterly, semi-annual and monthly.

* Ensuring every prompt and prompt processing of all funding requests.

* The company relies on the leased asset as a source of repayment and a primary guarantee.

* The customer pays a fixed monthly installment that does not change.

* The customer owns the equipment and tools at the end of the lease contract.

* Tayseer offers insurance for all tools and equipment without incurring any additional fees.

* The value of the assets on which the company relies is evaluated to ensure the facilitation of the financing process, in cooperation with large and specialized companies.

From the above, it is clear that kitchens and restaurants can be financed easily and easily, in cooperation with Tayseer Company, which is one of the largest financing companies in Saudi Arabia, especially as it has a great experience of more than three decades in financing for restaurants and kitchens, and it is always developing its services to achieve customer satisfaction.

* Connect with Tayseer You can subscribe with Al-Tayseer Finance Company through its official website and get its latest offers from here.

* You can also download the Tayseer application on Google Play from here. Follow Tayseer Finance on Twitter here.

In addition to a Facebook page. General Email: info@tayseerme.com Sales mail: sales@tayseerme.com Customer Care Papyrus: customercare@tayseerme.com Toll-Free: 8001160011 Fixed number: 00966138921855 Unified Number: 8001160011

From the company's perspective, the decision on the type of lease to obtain has a significant impact on operational efficiency in terms of profit and loss. It must be borne in mind that the decision that can be taken in this regard may vary depending on the circumstances and differences specific to the industry. In this article, we will discuss this topic in detail:

Financial lease, or otherwise known as capital lease, where the owner of the asset allows the benefit of the asset for an agreed period of time. Here the legal company that owns the asset is referred to as the lessor, and the user of the asset is known as the lessee.

Here, operational control of the asset rests with the lessee, and the entire responsibility in terms of risks and rewards associated with ownership of the asset rests with the lessee. As a result, the lessee will record the asset as a fixed asset in its contracts and record the interest from lease payments as an expense.

As for an operating lease, this type of contract allows the lessor to use the asset but does not retain ownership rights to the asset. These types of leases are considered a form of off-balance-sheet financing. Unlike a finance lease, an operating lease means that the leased asset and its associated obligations such as rent, or interest payments are not included in the lessee's balance sheet. It should be noted that there are certain requirements and criteria that must be met for an operating lease not to be classified as a finance lease.

Operating lease can broadly be considered a lease, i.e., lease payments are an operating expense with the leased assets not recorded on the company's balance sheet as they are spent on the income statement. On the other hand, a finance lease is very similar to a long-term loan or property. The asset is treated as owned by the lessee (for the duration of the agreement or contract) and is recorded in the balance sheet. Finance leases can be considered debt, as their value depreciates over time and interest expense is incurred. One thing that both types of lease have in common is that the lessor gives the lessee the authority to use the asset and return it at the end of a pre-agreed period of time.

After reviewing the concept of finance lease and operating lease in detail, determining which is better is summarized in the conditions and scenarios specific to the industry as mentioned earlier. An operating lease is usually suitable for companies that do not prefer or are not able to handle the associated administrative obligations when it comes to asset maintenance. They are usually an ideal choice for companies that do not want or do not need to show their assets on their balance sheet. On the other hand, finance leases are ideal for companies that want to purchase assets without committing to large upfront costs.

Understanding the differences between financial leasing and operating leasing is essential. The demands of each organization are different, and a complete understanding and awareness of the demands and risks associated with both types of leasing will greatly help in determining the most appropriate option for each company, whether you are the renter or the lessor.

How do you obtain personal finance in the simplest terms? Tayseer Finance offers many facilities for both individuals and enterprises. The financing provided by Tayseer financial services helps in resolving crises and dispenses with obtaining loans that are compatible with Islamic law.

Tayseer's service for individuals is wonderful, as it allows you to obtain quick and easy financing terms and conditions. That is why, through the following lines, we review the most prominent of these terms, and we also will inform you of the most important services that Tayseer Finance Company provides to you in 2022.

What are Tayseer's financial services?

Tayseer Finance is one of the most prominent companies in the Arab region, specifically in the finance field. The services of Tayseer Finance are not limited to financing large facilities only;

* Tayseer financial services also provides financing to individuals with great facilities.

*  The company was launched specifically to provide financial support while providing the best financing solutions to ordinary individuals and entrepreneurs.

* As for Tayseer financial services, there are:

1. Personal finance.

2. Auto Finance

3. Enterprise financing.

From each of the previous types of financing, there are multiple facilities  For example; facility financing includes (transportation, heavy equipment, production lines financing, medical equipment, kitchen, and restaurant equipment, assets, point-of-sale financing, and central air conditioning).

Tayseer financial services for individuals:

Tayseer services for individuals, or as it is called “personal finance”. It is a type of financing approved by Tayseer Finance. This type ensures that the individual achieves his basic needs, and provides what he aspires to by providing material support for that.

The financing provided to you by Tayseer financial services includes the following:

* Personal finance for marriage.

* Tayseer financial services for education.

*  Home renovation.

*  Medical needs.

*  Travel.

For all the previous reasons, Tayseer Finance provides financial support, in a set of simple terms. These terms we will explain more.

The terms for obtaining personal finance:

 Now we will talk more about the most important terms required by Tayseer financial services for personal finance:

* Age: The applicant must be at least 19 years old.

* Salary: The minimum salary should be 3800 riyals for Saudis and 7000 riyals for residents.

*  Duration of service: The duration of work should not be less than 3 months for the government sector, 6 months for the private sector, and one year for residents.

What are the advantages of Tayseer Financing services?

After getting the aggregation with the conditions of Tayseer financial services for individuals, you are certainly wondering. What are the advantages of the company that it offers me when obtaining a personal loan? We answer this question through the following points:

* The personal finance service is available to both Saudis and residents, that is, it is not limited to Saudi nationals only.

* Easy and scheduled repayment period of 12 up to 60 months.

*  Possibility of early settlement.

*  Personal financing of up to 200 thousand riyals.

* Quick deposit within 24 hours.

* Competitive and stable profit margin throughout the financing period.

* Personal finance service is available without a guarantor or transferring a salary to a specific bank.

You can now benefit from all the services provided to you by Tayseer financial services, especially with the wonderful features that it guarantees for you. Do not miss the opportunity and get wonderful financing now through the simplest terms and the fewest steps!

Financial default is the failure of an individual and his lack of success in managing his financial affairs in the correct way; this may be caused by a series of financial mistakes such as excessive borrowing or lack of skill in financial planning in dividing the monthly salary or dealing with financial products, which costs him a lot of fees and loses his ability to fulfill Financial obligations within the predefined time frame.

6 ways to address financial default
Stop borrowing
A decision must be taken to immediately stop borrowing and firmly resist the desire to do so. Debt repayment through borrowing will never solve the problem, it may even aggravate it and the borrower will incur more costs. So instead of resorting to debt settlement by borrowing, other ways of solving this problem should be sought.

financial planning
Financial planning is one of the most important factors for the stability of the financial life of individuals. Financial planning is not limited to developing a plan to manage financial matters in the short term only, but extends to an advanced stage of life. Therefore, setting a monthly budget to control spending, determining the amount of monthly savings, getting rid of debts, choosing an appropriate insurance program, and setting up a retirement plan as a whole should be part of any financial plan, and by this it can be guaranteed not to fall into financial troubles or at least address them if they Occurred.
[4 steps to help you prioritize debt repayment]

Arrange debts and installments
Payment priorities must be determined by preparing a list of debts and due installments and arranging them according to the interest rate and cost, and then repayment starting from loans with a high cost and so on until the last installment is paid, this helps to reduce the total cost of debt. Attention must also be paid to the debts that must be paid on time in order not to negatively affect the credit report, such as the obligation to pay the minimum credit card.

Organizing expenses
The monthly budget is one of the successful means of arranging and tracking expenses, through which all aspects of spending are identified and divided into several items in order to facilitate their management, and then focus on basic expenses and stay away from purchasing what is not necessary, so that a portion of the money can be used later in Pay off some of the accumulated debt, and then get rid of debt faster.

Find a new source of income
When faced with financial stumbling, one should not give up and tolerate a solution to the problem, because its consequences will be disastrous. We must search for solutions to face this crisis, among which is the search for another source of income without compromising the current job, whether through obtaining additional work, or working from home, as many businesses can be accomplished via the Internet, and thus the individual may obtain an income that exceeds the size of The obligations, then you can take advantage of this increase in debt repayment.

Create savings plans
Learning the culture of saving is one of the important factors that help in achieving financial balance. Saving is a way to achieve future goals or face emergency financial situations. Money saved can be used to pay debts or address emergency financial crises. Therefore, savings must remain part of any financial plan. If the monthly income is fixed, then 10% of the salary can be saved.

There are many reasons that ultimately lead to financial failure problems, including insufficient income to cover all necessary requirements and luxuries, and then resorting to borrowing to cover these expenses, or exposure to sudden financial crises, or exposure to a significant loss in a project, so it must be Take proactive steps to control the situation. Realizing the importance of financial planning, learning a savings culture and not over borrowing, the individual avoids falling into trouble.

Source: SAMA website

Tayseer Financing Calculator helps you in the financial planning that suits your needs, According to your expectations for your financial conditions in the future.

Tayseer Finance is interested in providing innovative solutions that suit all clients and offers them distinctive tools that work online. You can use it in determining the value of financing and the percentage of installments, and their numbers simply, with easy and quick steps.

Based on it, you determine what you want, apply, and proceed with the required steps.

* Finance companies without guarantors:

You may encounter some obstacles, such as the need for a guarantor, but Tayseer Finance offers you smooth procedures for financing without a guarantor. It offers personal loans, car financing, and other Shariah-compliant facilities. All of these are on easy terms and without salary transfer or guarantor.

The sponsor must fulfill all the terms and conditions, and he isn't a first-degree relative. Knowing that the sponsor is required for expatriates to the Kingdom who request a driving permit to Egypt and Jordan.

Advantages of Tayseer Financing calculator:

Tayseer Financing Calculator is one of the most important features that the company provides to clients, with an additional set of advantages, including the following:

* Financing up to 100%.

* A fixed premium is paid.

* Your funding is approved quickly and within hours.

* You do not need a sponsor, and you get your financing with simple procedures.

* Financing is done without salary transfer.

* Cars are financed for a period of up to five years.

* All steps are completed and the online application form is filled out.

* Tayseer Financing Calculator is the perfect way to calculate all your financing details. But you must follow a set of steps if you want to finance your new car, which are as follows:

* Calculate the car financing:

You can do this through the Tayseer Financing Calculator by entering your details, including the term of the contract, and the percentage of each of the first and last payments.

*  Submit your application to the company online, and don't forget to keep your direct application number.

*  Go to the authorized agent to facilitate and choose the car you want, and tell them your order number. The company completes some procedures with the agent, to verify all the information that guarantees the quick approval of the application. The contract is signed and the vehicle is received.

 What is the importance of the theTayseer Financing Calculator?

Tayseer Finance provides the calculator for free on its official website, because of its importance for customers to calculate the monthly installments that are incurred.

The calculations that are made by Tayseer Financing Calculator come from a set of data that the customer provides, so they are designed for an indicative and approximate purpose. It should be noted that profit rates are subject to many changes according to the company's policies, and the numbers are rounded to the nearest decimal place value.

 You can easily use it to estimate the monthly installment, changing the data to keep track of how it changes depending on the data that is entered each time. The data required in the calculator is the price in cash, excluding VAT. The amount of the first payment, as well as the value of the last payment, and specifying the term of the contract in years.

Contract details taking into account that the contract for financing includes a set of items:

* Annual Profit Rate: It is a specific percentage through which the company shows the financing cost that it bears and appears as a percentage (APR), and it gives a true picture because it includes all the fees paid during the financing period.

* Amount of financing: the contract includes the amount that the customer will receive, clarifying the period required for repayment and the due dates of installments.

*  Asset leasing period: It is the period agreed upon between the two parties to the contract, and it shows the date of the beginning and end of the contract.

* The value of the monthly installment: The value of the monthly payments that the customer is obligated to pay on the specified dates is determined.

* The value of the last payment: It is the amount of the ownership payment, and its value reaches 30% of the total price of the asset or the car.

From here, it can be said that the Tayseer financing calculator is one of the basics that you should use, to get approximate figures for the value of the monthly installments and their number, as well as the value of the last payment that you determine yourself from the beginning, which affects the value of the monthly installments by increasing or decreasing.

Contact Tayseer Finance You can subscribe with Tayseer Finance Company through its official website and get its latest offers from here.

You can also download the Tayseer application on Google Play from here. Follow Tayseer Finance on Twitter here. In addition to a Facebook page. General Email: info@tayseerme.com Sales mail: sales@tayseerme.com Customer Care Papyrus: customercare@tayseerme.com Toll-Free: 8001160011 Fixed number: 00966138921855 Unified Number: 8001160011

Tayseer's Finance Loans are Islamic Sharia-compliant loans, which offer personal finance, home finance, and also vehicle finance.

The goal of this support is to enhance your financial education and to achieve your financial independence more smoothly. You can rely on Tayseer Financing loans, which will facilitate your life.

 Through Tayseer, you can obtain personal loans, or loans for your institutions if you are an entrepreneur. You can also obtain car financing, to help you acquire the car you want with financing that covers its total cost by 100%.

Are Tayseer Finance loans compatible with the principles of Islamic Sharia?

The financing solutions provided to you by Tayseer Financing Loans are fully compliant with the principles of Islamic Sharia. The company's services and contracts are constantly reviewed by the Sharia Supervisory Board.

Individual Financing Terms:

Tayseer has set a set of financing conditions for individuals, these conditions are as follows:

The age of the applicant for personal finance application is not less than 19 years.

 The salary of the applicant for financing should not be less than 3800 riyals for Saudis, and 7000 riyals for non-Saudis.

 The service period should not be less than 3 months for the government sector, 6 months for the private sector, and one year for residents of the Kingdom.

Obligation to submit the required documents and papers immediately upon approval of the application.

After the application is approved, and the financing procedures are completed; The Company makes a quick deposit of the amount within only 24 hours.

Enterprise Financing Terms:

Tayseer loans provide financing for small and medium enterprises. The customer starts by sending the financing request online and then prepares the required documents, which are: Financing application form (signed by the client).

Bank account statement for the last three months.

The memorandum of association for the companies shows the powers of the director.

 A copy of a valid main and subsidiary register National address.

Financial statements for the last 3 years were audited by the legal auditor.

 Cars list (for car rental facilities).

Owner/owner status card.

Social insurance statement.

Vehicle finance Terms:

Tayseer Financing loans support car financing. This type of financing is also linked to a set of conditions, which are as follows:

Age from 19 to 65 years.

Minimum 3 months of service.

 Achieving the principles of responsible finance.

 A valid Saudi driving license.

 The minimum salary is 4000 riyals after deducting social insurance.

 Note: Before applying for a car loan, you must visit the authorized dealer to determine the type of car, and then apply online.

How do you know the nearest branch of Tayseer?

You can find out the nearest branch of Tayseer Finance Company by visiting the (reach us) page, or by calling the company at 920010181. If you are thinking of obtaining innovative financing solutions and easy terms...don't hesitate and get Tayseer Financing loans now!

When will the Tayseer finance be deposited into my account? It is a question asked by every person or institution seeking to obtain financing from Tayseer Finance Company.

Through the following lines, we will answer this question, and we will inform you about the most important advantages of obtaining loans to facilitate financing. We will provide you with the most important procedures required by Tayseer to apply for financing in 2022.

When will l get Tayseer's funding deposition after the application?

Before answering your question about the Tayseer Funding deposition, let us inform you of the most important services of the company to individuals and institutions.

* Personal Finance Service: Tayseer Finance offers personal financial services for individuals, with an amount of up to 200,000 riyals.

* Institutions financing service: Tayseer Finance provides the best financing solutions for entrepreneurs in the private sector. This financing contributes to supporting emerging and existing businesses, by providing easy facilities with multiple systems.

* Car Finance:

Car finance is one of the important services provided by Tayseer. It supports the entire process of financing your car, with simple and hassle-free procedures.

When will the Tayseer financing be deposited into my account?

 The advantage of Tayseer Funding deposition on your account is that it is done quickly if all the steps for applying are done correctly.

 Within 24 hours of reviewing the documents, and verifying that the person or institution complies with the terms; Funding is deposited directly into the account.

Advantages of enterprise financing In addition to the speed of Tayseer funding deposition on your account, the company provides more advantages:

* Providing a specialized team to provide the service.

* Fast processing of the financing request.

* Financing up to 100%. Providing free financial advice.

* Multiple payment solutions are specially designed to suit your business, whether it is monthly, quarterly, or semi-annually.

* Financing solutions are available for small and medium enterprises.

* Personal finance Sharia compliant.

* Submit a financing request through the Internet, with a quick response to it.

* Funding can be received within 24 hours of application approval.

* Financing up to 200,000 riyals.

* Competitive and stable profit margin throughout the financing period.

* Possibility of early settlement. Financing does not require a salary transfer to a specific bank, nor does it require a guarantor.

* Personal finance does not require you to provide many documents.

* Car finance does not require salary transfer.

* Fixed installment without a sponsor.

* Funding approval takes place within hours.

* Financing up to 100%.

* Car finance for up to 5 years. You can fill out the online application form.

Submit a financing request:

Quick Tayseer funding deposition is the most important advantage that the company offers you. The ease of applying online is also one of the most prominent advantages it offers you. Tayseer is one of the companies that relied on technology in the first place to facilitate the customer.

Through its website, you will be able to submit your application within minutes, by entering the site, choosing the type of financing, and then submitting an online application containing your required personal data.

Does submitting a financing application via the website require any fees?

Submitting a financing application through the website or smart application does not require payment of any fees. Submitting a financing application online is 100% free.

Tayseer Company has provided you with a Tayseer Funding deposition that will be suitable for your needs, whether the type of financing is personal or for institutions or cars. So why are you waiting?

Now choose the type of financing you need, and submit your application to Tayseer without hesitation.

The holy month of Ramadan (May Allah bring Ramadan with blessings and piety to all Muslims) provides an additional chance to be closer to Allah, (the Mighty and Sublime), to think about this world life, its affairs and its destiny and fate, to weight into what is good for man and to increase the level of obtaining Hasanah (rewards) and to avoid the evil deeds. This holy month of Ramadan is also a chance to do a lot of good deeds and giving charity, whereas Zakat is a must in this holy month, and Allah SWT multiplies the reward as well as each and every sincere worship and good deeds are doubled in this holy month. 

One of phenomenon that increase during the month of Ramadan is shopping and purchases for what persons need during this month or on the occasion of Eid Al-Fitr Al-Mubarak, including buying clothes and collectibles, or even getting finance to cover the increasing needs in our modern life. With the spread of the types, services and products of finance that one of us needs to meet the needs of his/ her family in housing, treatment, education, acquiring means of transport, new devices and etc., several and logic questions come into mind concerning the opinion of the jurists and Islamic scholars regarding these services and products and their compliance with the provisions of Islamic Sharia. 

Based on the foregoing, many questions are raised concerning the legitimacy of the Sales & Trade, especially for concepts such as: Tawarruq, Murabaha Sale, Ijara sale, bargaining sale and barter sale and the rules of each concept and the differences between them, whereas they have names that many of us are not aware why they have given such names, their nature and the reasons of the legitimacy in Islamic sales.

Before we discuss these concepts briefly, which are sufficient to eliminate any ambiguity, doubt, or confusion  concerning these concepts or remove any overlap between them, we start with the definition of Sale, whereas the Islamic scholars unanimously agreed on its legitimacy and it is a  method of acquisition, as well as the wisdom requires this transaction because it is extremely required as people need it to get the commodities, food and drink and exchange what they have with each other and there is no way to do that except by buying and selling.

According to the Sharia rules, the sale is divided into many types, mainly:

A- Effective Sale: it is the sale that shall completely take place and shall not include any rights to annul, as if I say: I sold this garment to you for ten riyals, and the buyer accepts.

B- Non-Effective Sale: it is the sale that contains the right to annul, as if I say: I sold this garment for ten riyals and the buyer says that: I accept provided that I had the right to annul for three days, for example.

C- Suspended Sale: Relating to the right of third parties, for example when someone sells the property of another person without permission.

D- Valid Sale: the sale is valid and correct in terms of rules and form and not related to the right of third parties and there is no right to annul and it shall be effective and executed immediately.

E- Invalid Sale: the sale that its terms and are not applied and invalid in terms or the basic rules and form. This sale shall not be actually considered.

F- Null Sale: the sale which is correct in terms of the rules, but not form perspective, such as being offered a unlawful thing or form like selling a car owned by a person without specific definition or concluding two transactions in one. In this type, acquisition is proven by receipt through the permission of the owner, explicitly or implicitly. 

From commodity perspective, the sale is divided into four types: 

1- Absolute Sale: the most known type, that is the exchange of a commodity for cash, whereas the person can exchange with his/ her money any object he/ she needs and, like other types, he/ she does not need any restriction.  

2- Sale for Delivery (As-Salam): also called Forward Sale. It is exchange of debt for an existing commodity, or sale of something deferred for prompt price.  

3- Exchange Sale: sale and exchange of the same kinds of prices, such as selling gold with gold, silver for silver, as well as selling one on them for the other.   

4- Barter Sale: Act of trading goods or services without the use of money, and for its validity, it is required to be equal in the exchange.   

According to the method to define the price, the sale is divided into three types: 

1- Bargaining Sale: the sale in which capital is not mentioned, selling without mentioning the first price. 

2- Bidding Sale by Increase: Where the seller offers commodity in the market and the buyers commonly make bids, then the commodity is sold to the one who offers the highest price.

Bidding Sale by Increase corresponds to Bidding Sale by Decrease, where the buyer offers to buy a certain commodity, then sellers compete in offering to sell at a lower price, and the sale is awarded to the one who is satisfied with the lowest price. although Jurists did not talk in the past about this type of sale, but what applies to Bidding Sale shall apply to it.

3- Trust Sale: the sale in which the price is determined as the capital, or more or less, it is called the Trust Sale because the seller is insured to tell the capital. It is three types:

A- Murabaha Sale: the sale of the commodity at the same price as the seller purchased, with an increase in profit at a known and agreed rate. 

B- Resale at Cost Price: selling the commodity at the same price as the seller purchased, without any decrease or increase 

C- Sale at loss: selling the commodity at the same price as the seller purchased, with putting a known amount of the price, i.e. at a specified loss.   

Tawarruq Sale and its rules

According to the jurists, Tawarruq is when a person buys a commodity on credit, then sells it for cash to a another person rather than the seller, for less amount than what he/she bought it, to get cash immediately. It is a specific financing tool, through which the customer get the needed cash, after several sale transactions

The process of Tawarruq is carried out by the financing entity that buys commodities from the supplier (referred to as the first sale), then it sells them to the customer (the second sale), and the latter sells those commodities to another supplier to get cash (the third sale).

When carrying out Tawarruq via online platform, a financial broker sells the commodities (instead of the supplier) to the financing entity (the first sale), and another financial broker buys the commodities from the customer (the third sale). The customer can authorize someone else to sell the commodities on his behalf, and it is preferable that the representative is other than the seller in the second sale (the financing entity).

Is Tawarruq legitimate?

Tawarruq is permissible in Islamic Sharia if sale terms and conditions apply in each and every type of the three sales include the stages referred to above, in addition to the condition of selling the commodities to the buyer rather than the first supplier, in the third sale, which means that Tawarruq becomes permissible if it includes one of the conditions of sale. , or one of its elements, such as the absence of commodities, or non-receipt of the commodities, actually or impliedly, before the sale, or selling the commodities to the first supplier.

How do we ensure that Tawarruq meets the Sharia requirements?

Upon concluded, each sale in the process of Tawarruq, shall be documented with the supporting documents indicating the existence of commodities, transfer of ownership, proof of receipt, even impliedly, and the other requirements; in addition to carrying out a Sharia audit process during the transaction stages.

Does Tawarruq include all commodities?

All commodities are valid for Tawarruq process, except for gold and silver. Metals, rice, cement and investment portfolios are "shares" used in this type of sales.

What is the difference between Tawarruq and Murabaha Sale?

Tawarruq is a certain financing tool to get cash, whereas the Murabaha sale is often a contract between the financing entity and the customer (the second sale).

Murabaha Sale and its rules

As mentioned, Murabaha is a type of sale processes that Muslims used in the past, and books of jurisprudence (fiqh) explained its forms and conditions. Idiomatically, the jurists defined Murabaha with many definitions, all of which gives one meaning, which is the sale of commodities at the same first price, with an increase agreed upon between the seller and the buyer, meaning that the buyer, instead of bargaining over the price until it reaches the price he is satisfied with, only bargains over the seller’s profit above the price, and the seller is trusted in defining the amount of the commodity, I.e. Murabaha sale is the sale of the commodity at the same first price at which the seller purchased it, with a profit increase at known and agreed rate.

Murabaha Sale has specific terms, mainly:

1- In Murabaha, it is necessary to know the first price at which the commodity was purchased, and to know the profit increase.

2- The price, in the first contract, shall not be equivalent to the same type of usury money, whereas the increase here will be usury not a profit. 

3- The first contract shall be eligible, if it is illegible, Murabaha Sale shall be no longer permissible in Islamic Sharia.  

Murabaha Sale became known since Islamic banks started to use it, and it has a considerable importance in its transactions, as it reached 95% of the transactions in a wide sector in some financing entities. Also, the common formula about it in the Islamic banks is the Murabaha formula for the purchase order, meaning that the customer applies to the bank requiring it to purchase the required commodity, with the description specified by the customer, and on the basis of the promise made by him to actually purchase that commodity as Murabaha at the ratio they agree upon, and he pays the price in installments according to his capabilities. .

Then, we have Ijara contract, which is the most related form of sale through which leasing with a promise to acquisition, It is a contract based on a known intended benefit that can be used and permitted in exchange for a known consideration. It has two types: the first type is the benefits of objectives, such as renting lands and houses, and the second type is the benefit of work, such as renting a car to be used.

The Tayseer Arabian Company succeeded in using the Ijara contract, achieving the interests of its customers and operating its capital, and thus achieving the interests of the society. This method was known as Ijara Ending in Ownership (Ijara Muntahia Bittamleek), and it is one of the important financing methods provided by Al-Tayseer for financing its customers, whereas it acquires assets to place them at the disposal of its customers, to meet their benefits for consideration, and the ownership of the asset is achieved at the end of the Ijara contract via an independent document, based on promise to do so from the beginning.

 Do you need personal financing to achieve your dreams and meet your needs?.. The answer to this question is certainly yes because personal loans in our time have become one of the best means of facilitating individuals meet their needs, by obtaining financial facilities to help them meet the requirements of life.

Through the following lines, we will know about the advantages of personal loans offered by Tayseer. We also show the most important steps for obtaining these loans, and the most prominent conditions required to apply for them.

Personal Financing from Tayseer Company:

Tayseer Finance provides you with a golden opportunity to get quick personal finance with the least in terms of steps and conditions. It enables you to realize all your dreams and meet your needs through the cash financing service.

Tayseer Finance offers your personal financing to contribute to your marriage and help you travel. In addition to providing medical needs, education, and home renovation. Where the company has invested its expertise to provide the best financial technology to serve you.

Advantages of Tayseer personal finance:

The personal financing provided by Tayseer has many advantages, the most important of these advantages is the Speed:

* It is distinguished by Tayseer services for individual financing that is provided quickly.

* Obtaining financial facilities will not take long as in other financing companies.

* Transparency: Tayseer Finance is transparent, as it shows you all the financial details clearly, with no hidden fees on the customer.

* High financing values: Tayseer Finance offers high financial financing, up to 200 thousand riyals.

* Flexible contract term: Tayseer Finance provides you with a flexible contract term, helping you to repay the finance amount comfortably.

* Personal financing is repaid within a period ranging from 12 to 60 months.

* Fast Deposit: Tayseer makes a quick deposit of the funding amount into your account, which may take only 24 hours after the application is approved.

Does Tayseer's financing comply with Islamic Sharia?

Of course, it will help you obtain financing with confidence. The financing is fully compliant with the rules of Islamic sharia, with easy terms and there are no hidden or unclear fees.

Steps to obtain financing from Tayseer Finance

We now offer you the steps to obtain personal financing from Tayseer:

* First, log on to the Tayseer website or the electronic application.

* Choose Personal Finance, and then click on Apply by clicking on the “Submit your application now” icon.

* The site asks to enter some of the required data, and then the application is reviewed.

* You will be contacted through customer service, and then the rest of the routine procedures will be completed.

By following the previous steps, you will be able to get the personal financing that you have applied for within only 24 hours.

Who can apply for a Tayseer loan? Personal finance from Tayseer is linked to a set of conditions for individuals. Let's review these conditions:

* Salary: The minimum salary should be 3800 riyals for Saudis and 7000 riyals for residents.

* Duration of service: The service period should not be less than 3 months for government sector employees, 6 months for private sector employees, and one year for residents.

* Age: The applicant must be at least 19 years old to apply for financing.

* Required documents: The documents required for the applicant must be prepared so that the applicant can obtain financing faster.

What are the most important documents required?

The documents required for personal financing are the following:

* Salary definition letter (certified by the Chamber of Commerce for the private sector).

* Valid ID/Iqama.

* Social Security.

* National address.

* Bank statement for 3 months.

You can get the financing you need simply and in the fastest steps through Tayseer Finance. So prepare the required documents, apply now, and get approval within hours!

Your Money will Come Back to you

Dear Client, the Central Bank of Saudi Arabia recently announced the issuance of comprehensive insurance controls for vehicles leased to individuals, which aim to regulate the contractual relationship between financing entities and their individual customers, in relation to insurance for financing leased vehicles. This type of insurance policy provides comprehensive insurance coverage for vehicles owned under financing lease between the lessor and the tenant.

However, what is important in the subject is one of the most prominent new controls contained in these controls, which are as follows:

(The tenant is entitled at the end of the contractual relationship to recover the excess amount of premiums paid (discount) or to pay the "additional amount" carried by the lessor, which is higher than what was withdrawn against the insurance premium)

Well, how can I get a discount on the amount of insurance I paid every year?

We will explain the steps and examples to answer this question:

● At the end of each insurance year, The Tayseer Arabian Company calculates the amount paid to the insurance company, calculates it on the tenant, saves it in the tenant's account and provides it with a copy of the account.

● At the end of the contract, The Tayseer Arabian Company returns the excess amounts to the tenant, which resulted from the value of the base premium before and after the application of the outstanding discounts in case the customer does not make any traffic accident by car.

Illustration:

Year 1:

• Vehicle value: SR 100,000

• The value of the basic insurance premium: SR 4000.

• The value of the insurance premium after the application of discounts2800 Riyals: for example a 30% discount no claims

• Arab Facilitation company calculates the insurance premiums on the tenant at the value of the basic premium (4000) riyals and saves the amount of the difference between the basic insurance premium and the premium after applying discounts (2800-4000 = 1200) riyals in the account of the insurance tenant

Year 2:

Vehicle value: SR 80,000 (after applying 18% decrease in car price)

The value of the basic insurance premium: SR 3200

The value of insurance premiums after the application of discounts (40%) :1920 SR (3200-1920=1280) SR

Added to the insurance tenant's account with the difference from the first year

Year 3:

Vehicle value: SR 70,000

Base premium value: SR 2800

If no discounts are calculated for causing traffic accidents on the vehicle by the tenant, no amounts are added to the tenant's insurance account because he is not eligible for discounts at the end of the contract.

The amounts calculated on the tenant and what has been paid to the insurance company are liquidated as follows:

What was calculated on the tenant as insurance in 3 years financing for the car 4000 +3200 +2800 = 10,000 riyals

What was paid to the insurance company from facilitation company 2800 +1920 +2800 = 7520 Riyals

10000 - 7520 = 2480 riyals paid to the tenant or deducted from the last payment

Note: Insurance discounts are refunded only for car rental contracts signed after November 1, 2020 and do not apply to the above

As such, it has been explained that the customer receives a discount and is now your responsibility as a customer to maintain the funded car and not to commit traffic accidents in order to enjoy the discount at the end of the financing contract.

Tayseer financing in 2022. Many customers are browsing through the services provided by Tayseer Finance in 2022. All kinds of financing services are considered important needs of individuals and institutions also. That is why Al-Tayseer deserved to get this attention from clients since its inception in finance.

We are going to review the most prominent financing services provided by Tayseer Finance through the following lines. We also will know the most important facilities that it provides.

Financing services concept:

 Before getting to know Tayseer financing, let us first introduce the financing services concept. Many people confuse this term, and they think that finance is only for institutions, although recently the financing services are no longer limited to institutions only; Rather, it is provided to individuals and institutions also. Financing service is a financial support process that is provided by financial institutions such as “Tayseer finance”.

This support is based on the client's compliance with a set of rules belonging to the institution. Where the individual or institution that meets the requirements of the financing can obtain the required financial support.

Financing institutions provide financial support to the customer and then agree with him on a specific time for several installments.

 Facilitating financing in 2022:

Tayseer financing is considered one of the best types of financing for 2022, due to its provision of a wide range of distinguished services to individuals and institutions. Let's know more about the best financing for individuals and establishments.

* Personal Finance:

 Offers a wide range of personal loans for individuals. Through these loans, you can meet your needs immediately. These loans are received for several reasons, for marriage or travel, in addition to providing medical needs and full home renovation. And others that a person needs to live better.

* Enterprise Finance:

Tayseer Financing offers ideal financing solutions for both start-up and established companies. With providing a set of advantages for companies:

* The financing request submitted by the Foundation is responded to quickly.

* The financing is Islamic Shariah compliant.

* Flexible financing payments.

* Flexibility in the contract.

* Car Finance:

Tayseer Finance offers car finance as one of the flexible financing services, It helps you to finance cars smoothly and without complexity.

We also cooperate with you in obtaining financing in a faster time, with solutions that are compatible with Islamic Sharia, there are some requirements for car finance:

* Car detection (for car rental facilities).

* Owner/owner status card.

* Bank account statement for the last three months.

* National address. Social insurance statement.

Are Tayseer financing services simple? Complex steps may reduce financing opportunities, both for individuals and enterprises. Tayseer Finance facilitates that by setting a set of smooth terms.

* Personal Financing Terms:

* The age of the applicant should not be less than 19 years.

* The minimum salary should be 3800 riyals for Saudis and 7000 riyals for residents.

* The duration of work should not be less than 3 months for the government sector, 6 months for the private sector, and one year for residents.

* Preparing the required documents in full, to ensure obtaining Tayseer financing services in a faster time.

* Enterprise Financing Terms:

Approval of The finance is related to the submission of a set of documents, which are:

* Tayseer Financing Application Form (signed by the client).

* The Memorandum of Association of the company provided that the powers of the manager are explained in it.

* A copy of the main and subsidiary register (must be valid).

* The institution's financial statements for the last 3 years are audited by the legal auditor.

Tayseer Financing has a wide range of ideal financing solutions so that you can get the financing you need in the shortest time with the best benefits. What are you waiting for? Take the financing s.p now!

Nowadays, the lifestyle, especially in cities, imposes several financial liabilities on us and there are no room to evade them; including house rent, water, electricity and internet subscriptions, tuition fees, expenses of food and beverages, and other monthly outgoings without omitting the increased cost of living.

All above-mentioned elements make the matter of saving and earning some extra money, and setting and abiding by a monthly budget are difficult but not impossible, if we have good management and simple skills that help to arrange the income, expenditure and balancing between them to set a successful financial strategy for saving and investment.

When we mention the saving and investment, some people confuse with both concepts, so we shall highlight thereon in the context.

Saving or Investment?

The main difference between the saving and investment is “Money Period”, the saving in which the sum of money is accumulated in a safe deposit box to use it after certain years. While the investment means benefit from the saved money to build wealth during longer period.

People save for certain short-term financial objectives, for example, spending vacation, purchasing a new car or for emergency cases, they keep their savings in a low risk bank account it can be dealt on need, with low earnings and providing some money is available to invest it later.

Upon thinking to proceed with investing the moneys, the individual should not be owed to any person or entity and had to keep amount of money that you can do without temporarily such as amounts received as a result of extra work or retirement compensation and the like. It is worth mentioning that the investment takes years, maybe decades before getting its fruits and it is usually fraught with danger, but provides more probabilities to achieve the growth more than savings. The smart investment shall be made through calculating the results accurately and minimizing the risks via the amounts of money in various funds. The funds of low costs and risks are considered one of the common ways to achieve the same.

The most prominent differences between saving and investment

The saving is to save a sum of money for emergencies or to cover expected expenses in the near future, so it is a short-term employment of funds (from 3 months to 3 years), you can access to it quickly and easily at any time.

While the investment aims at increasing the wealth and targeting big future objectives, it means the long-term employment of funds (more than 3 years). The access to invested amounts of money requires complicated procedures sometimes and waiting for long period.

Savings accounts, fixed deposit accounts or accounts in the money markets and the like can be opened and obtain simple interest only without risks at all. The savings accounts is ideal way to keep a sum of money but it is not profitable if we relied thereon to keep huge amounts of money for too long period.

As for the investment, the financial experts advise creating a long-term and various investment portfolio in investment funds, shares, real estate or the like. The considered investments shall be safer if you do not dispose it for long period.

It is important to invest your amounts of money for 5 years or more, as the longest timeframe shall grant your investments extra time for recovery if the value thereof is decreased. Through planning for the time that you determine it to get your money, you can manage the risks that you may face. Here, you may ask yourself the following question: Why would I put myself at risk? The answer: the investment risks are not the same, whereas taking calculated magnitude of risks grants you a possibility to gain money more than you earn from savings.

Encouragement to Saving and Investment

KSA Ministry of Investment urges all citizens and nationals to save their money and provides support services to them for proceeding with their investments in a safe and reliable manner such as giving an advice on the legal entity and coordinating with the governmental authorities and giving an advice on the means of applications for licenses, services and required visas to start up, coordinating with specialized agencies in helping to work in Kingdom of Saudi Arabia , coordinating with specialized recruitment agencies, helping in advertisement, conferences, press releases, and coordinating with the financing authorities to consider the capability of participation and support.

Practical Advices

Financial Experts advise all people who wish to investment to bear responsibility for how they expend their income so that they can enjoy a decent and comfortable lifestyle and ensure safe future for themselves and for their families. The financial experts give practical advice starting from necessity of achieving savings objectives until getting advice of chartered financial expert to the importance of financial culture development through follow-up and reading in this field before thinking about investment.

Financial Experts also warn all people who wish to make investment to fall victim to illusion sellers and frauds. The Experts advise them not to rely on one solution to invest their money and thinking wisely and practical way instead of depending on intuition and estimation only.

In this context, anyone wants to proceeding with saving or investing can take the pieces of practical and psychological advice contribute to ensure integrity of saving and investment. The most prominent advice: a person must be grateful and happy with his ownership and not limit the matter to his material belongings only, determine a monthly budget for his expenditures, abide by it and to be patient, save money to provide price the items that he needs actually and do his best to avoid all types of loans and to create a balanced investment portfolio.

Before Saving

Before proceeding with saving of any amount of money, it is necessary to create a contingency fund you can use it in case of a problem occurs which necessitates a sum of money, through accessible savings account.

The saving shall be logic, if you invest money for 5 years at least. As for the money that you need on short-term, it may not be available to invest it sufficient time to compensate any reduction in its value.

As to the saved money in the medium-term; i.e. from 5 to 10 years, the saving may be logic to cover the academic tuition fees or furnishing a house, etc. Noting that if you are ready to incur some risks, the investment may make you earn proceeds on your money.

While the money that you shall not need it for more 10 years such as purchasing a house resides in it after retirement period. If you took a certain investment risks, you may gain more returns as the value of your money shall be diminished in the saving over time as a consequence of the inflation.

The Investment and Wealth

If you invest your money for the first time, the funds may be the ideal choice, noting that there are many types of investments; starting from very low risks investments to very high risks investments. No doubt, you shall find between them the proper type for you.

Some funds such as the multiple assets funds are invested in a wide set of assets such as bonds, shares and properties, this allow you to invest in various types of sectors, as the saying goes, you can put the eggs in many baskets not in one basket to distribute and reduce the risks.

Investing in funds may be lower risk than purchasing individual shares in one company, if you lost one investment in the fund, you can balance it with the other investments in the fund. Distribution of the risks in this manner is defined as “Diversity” is one of the golden rules of investment.

In return, the best thing in the funds to be collected by fund manager who shall be experienced investment expert and has a wide experience in this field. You are not required to be expert to invest in the funds, but you can be the investor who involves an expert to manage the investments on his behalf.

If you invest in shares, it is necessary to monitor the markets; if performance of a company is bad that you invested therein, it is extremely likely to lose your money. Price of your share shall be affected by other factors, such as supply and demand, interest rates and wider economy; therefore, you must aware of all types of these factors.   

It is worth remembering that, the money does not constitute a solution to all problems, but it certainly provides you and your family a decent and comfort life and helps you to achieve your goals; once you define it and set a timeframe to achieve it, your goals shall become real and be converted from dream into fact.

Finally, we can mention “two golden rules” in this context, the first rule states “the more you invest your money, the less effort you shall exert to gain money. The second rule summarize the above-mentioned statement “Save for the near objectives, invest for the future”.

Obtaining facilitated financing has become very easy with Tayseer because it offers a range of quick and smooth financing services with flexible terms and conditions.

Through the following lines, we will offer the steps for obtaining facilitated financing from Tayseer, whether financing for individuals or financing for institutions, in addition to financing cars. We will also review the Tayseer Premier Service, and the most important thing that distinguishes it from the regular service.

Tayseer calculated financing: Tayseer Company is one of the most important financing companies in Saudi Arabia. Tayseer provides many services such as Financing small and medium enterprises, Individual financing, and car financing. All of these services are provided with easy terms and uncomplicated steps.

How to get facilitated financing in 2022?

Obtaining easy financing in 2022 is no longer difficult, as Tayseer provides innovative financing solutions that help you obtain you’re financing. You can obtain Tayseer financing by following these steps:

* Log in to the Tayseer website.

* Find out the terms of the financing you want to obtain (personal financing, facility financing, car financing).

* Submit your order online, and our customer service representatives will contact you.

* If the request is approved, the amount will be deposited into your account within 24 hours.

 Conditions for obtaining easy financing from Tayseer Company:

The conditions for obtaining facilitated financing vary according to the type of financing required. That is why we offer you the financing terms for each type.

1. Enterprise Financing Terms to obtain financing for establishments, the application must be submitted through the website, providing the following documents:

* Fill out the financing application form and open the account containing his name A copy of the commercial register and the authorized card, in addition to a copy of the identity of all partners.

* Certificate of the number of employees from social insurance.

* Account statement for the customer or owner for the last six months stamped by the bank.

* Financial statements for two years, audited by approved entities and registered in the Qawaem program.

* Memorandum of Association and Articles of Association explaining the powers of the General Manager (for companies).

* Submit a clear and certified power of attorney for the person authorized to sign and a copy of his identity.

* Certificate of registration from the Small and Medium Enterprises Authority.

2. Personal Finance Terms:

* The age of the applicant must not be less than 19 years.

* The service duration should not be less than one year for residents, three months for the government sector, and for the private sector, should not be less than 6 months.

* The minimum salary for an employee is 3800 riyals for Saudi nationals, and 7000 riyals for residents.

* Preparing the required documents, which are (salary definition letter, valid identity or residence, national address, social insurance, and bank statement for 3 months).

3. Car Financing Terms:

* The age of applicant must be between 19:65 years.

* Achieving the principles of responsible finance.

* A valid Saudi driving license.

* The minimum salary after deducting social insurance is 4000 riyals.

What is Tayseer Premier's service?

Al-Tayseer Premier service provides facilitated financing for discerning customers, by providing exclusive services at the highest level, and distinguished selections of the latest and most valuable luxury cars in the Kingdom of Saudi Arabia.

The features of this service are Quick response to the request. The possibility of applying anywhere in the Kingdom without the need to go to Al-Tayseer branches; the company sends you a customer service representative to obtain the required documents.

The car of your choice will be delivered to you after completing the order procedures. Tayseer Company shortened the way for you and provided you with integrated financing to meet your needs and achieve all your dreams.

So what are you waiting for?!.. Now choose the facilitated financing that suits your needs, and benefit from the best financing service in Saudi Arabia.

In response to the Coronavirus (COVID-19) pandemic, Saudi governments have introduced restrictions to help slow the spread of the virus. These restrictions have many of us practicing social distancing, staying home, and driving a lot less.

Cars, trucks, and SUV’s that we normally see on our roads, are now sitting idle in carports and garages. But during this time, it is important to remember that a lack of vehicle use can cause problems.

Here are some tips to care for your vehicle and avoid potential maintenance issues.

Charge the battery

Many vehicles have multiple computers that are always on and monitoring car systems. When a vehicle is idle, the discharge is less, but over time will cause the battery to go flat.

Using your car for essential trips such as food shopping can help maintain good engine performance. However, if you’re not going out, you can avoid flattening your battery by simply turning the engine on and letting it run for 5 to 10 minutes. Be sure to run the vehicle in a well-ventilated space to avoid fume inhalation.

Pump the breaks

When you’re not driving your car, rust can form on the brake rotors especially if your vehicle is parked outside. This can lead to uneven breaking, brake pulsation, and noise.

By taking your vehicle for a quick trip and carefully pumping your brakes a few times, you can minimise and even remove rust build up. If your car has been sitting idle for a while, it may be difficult to release the handbrake, but just like your regular brakes, frequent use will keep it in good operating condition.

Check the tyre pressure

Tyres naturally lose air, and cars that are stationary for long periods of time are at risk of tyres going flat. Driving on a flat tyre may lead to wheel and vehicle damage, resulting in poor handling and control. A short drive will assist in avoiding tyre flat spots.

It’s also a good idea to frequently check the tyre pressure and top it up to the manufacturer’s recommendation.

Service your car

Staying home and driving less does not mean you should delay a car service. A car service can also be scheduled by time as well as distance. Even though you may be travelling less, the service time clock is still ticking over.

Service centres are still open for business and are following rigorous hygiene procedures, and social distancing measures.

Clean and disinfect

This includes regularly wiping down all commonly touched surfaces such as the steering wheel, door handles, gear stick, window opening mechanisms and indicators. Don’t forget to leave the windows down or doors open to air out the cabin once you’re finished.

If you’re parked outside, you can avoid paint damage by frequently washing your vehicle to remove bird droppings, tree sap and debris.

By maintaining your vehicle now, you’ll be ready to go when we’re able to get back on the roads and driving freely again. The safety of our customers and drivers is important, and we ask that you reach out to us if your vehicle needs any urgent maintenance and repairs.

 Many people and entrepreneurs are looking for the advantages of the Tayseer loan, and the most important terms for obtaining it. The loans provided by Tayseer Finance will achieve your dreams. And if you are an entrepreneur, it will help you start your organization with more confidence.

Tayseer financing helps you to establish the expansions that you want with financial support with simple terms. Through the following lines, we will talk about the most important reasons that will motivate you to obtain financing through Tayseer Finance. We will also review together all the terms that you need to get the Tayseer loan simply.

What is the Tayseer loan?

Tayseer Loan is financing provided through Tayseer Finance Company, in compliance with Islamic Sharia. This loan provided by the Saudi Tayseer Finance is not limited to Saudis only, but the institution also provides it to residents.

A financial amount is submitted as an official application from the client, provided that this application complies with a simple set of conditions. In addition to the terms;

* Preparing the documents required by the company is important to complete the financing process as soon as possible.

*  The loans provided by Tayseer Finance are divided into three types:

1. Personal loans: Personal finance is provided for several reasons, perhaps the most prominent of them (marriage, education, medical treatment, home renovation, travel, etc..).

2. Facilities financing: Tayseer loan provides you with financing for your organization. This financing can help you in purchasing (heavy equipment, transportation, restaurant equipment, central air conditioning) and other reasons.

3. Car Finance Loans: Tayseer Finance provides you with an ideal opportunity to finance your car simply and without complications. This is by a set of uncomplicated terms.

Tayseer loan features:

Here are the main advantages that the Tayseer loan gives you:

1. Advantages of personal loans:

* The loan is Islamic Shariah compliant.

*  Financing up to 200,000 SAR.

*  Flexible contract term.

*  The possibility of applying for obtaining financing simply through the Internet.

*  Get approved in minutes.

* Full transparency in dealing by the institution, there are no additional unknown fees.

2. Advantages of enterprise financing:

* Compatibility with Islamic Sharia.

* Payments are flexible and easy.

* Immediate response to the customer's request.

* Flexible contract term.

* Free financing advice.

*  Dedicated service team.

*  Financial financing up to 100%.

*  Payment methods are tailored to suit your business monthly, quarterly, or semi-annually.

3. Car finance features:

*  The service is available without salary transfer.

* Fixed installment without a guarantor.

* The funding approval process takes place within hours.

* Financing up to 100%.

* Filling out the application form is done online.

*  Auto finance for a term of up to 5 years.

What are the steps for the Tayseer loan?

 After we have seen the advantages of the Tayseer loan, now is the time to inform you about the steps to apply for financing. Below we will explain the most important steps of facilitating financing:

*  The financing request is submitted online, and this is through the website or the Tayseer Finance application on smartphones.

* After submitting and reviewing the application, you will be contacted by a service representative; To guide you in all the details.

*  A representative of Tayseer Finance will guide you to the nearest branch to you so that you go to it as the last step for obtaining financing.

The Tayseer loan will make it easier for you to achieve your dreams and will allow you to grow up as an entrepreneur.

 If you are looking for a financing company with multiple advantages and simple and uncomplicated terms, do not hesitate and contact Tayseer Finance now.

Businesses of different types and sizes requires financing for their growth, prosperity and continuity, because finance acts as air and water for the project which will not succeed without it, provided that the necessary amounts should be provided without increase or decrease and in a timely manner.

In spite of the essential role played by financing activities, everybody realizes the risks surrounding them and the losses sustained by the financing institutions due to the customer’s failure, refusal or refrainment from fulfilling their obligations toward the financing institution. So, it was required to depend on an entity that provides proper and correct credit information to the financing entities to have knowledge when developing their financing strategy and to take the proper financing decisions.

Saudi Credit Bureau (SIMAH)

Saudi Credit Bureau (SIMAH) has been incorporated in 2002 and started its business in 2004 as the first licensed credit information company in the KSA that provides credit information through the provision of credit reports as an effective tool to evaluate the borrowers' credit behavior, financial solvency and creditworthiness in order to reduce the bank credit risks in the Kingdom and contribute to strengthening the stability and resilience of the financial system therein.

SIMAH Credit Report for Individuals (SIMATI)

It is a regular report that contains the individual's entire current and past financial obligations with credit donors (SIMAH members) and detailed information about these obligations. This report is a highly reliable tool for accessing the customer's current and past credit information at all times.

What is the information included in SIMAH Credit Report?

SIMAH Credit Report for individuals includes the following information:

• Personal Data: It is the customer's personal information, such as name, address, place of work, salary and the date of updating the report information, etc.
• General Summary: This general summary includes several essential points that accurately define the customer's credit status, which points include:

- The date of issuing the first product: the date on which the customer obtained the first credit product.

- Number of the active credit products: These are the products that the customer obtained and whose contracts are still valid and existing between the customer and the financing entity.

-The total credit limits: They are the total amounts credited to the customer, such as the value of the product, service or the credit limit for the postpaid telecom service which is still active, whether it is a credit card, personal finance, real estate or leasing finance or other credit services and products.

- Total Outstanding Credit Liabilities: They are the outstanding and payable liabilities in return for the credit products obtained by the customer from the financing entity.

- Total Guaranteed Credit Limits: They are the total amounts received and guaranteed by the customer for the benefit of another beneficiary

- Total Guaranteed Credit Liabilities: They are the liabilities payable in return for the credit products obtained by the customer from the financing entity and guaranteed thereby for the benefit of another beneficiary.

- Number of the Defaulted Credit Products: They are the products obtained by the customer and whose value is not paid thereby, whether they are in the form of installments or invoices, for a period of more than 180 days and with an amount that exceeds SAR 500.

- Outstanding Defaulted Credit Liabilities: They are the set of the outstanding liabilities due against the credit services obtained by the customer from the financing entity and whose value was not fulfilled.

• Credit Rating

• Credit Rating: This rating is conducted according to the customer's credit behavior, and it is either very low, low, medium, good or excellent
• Criteria contributing to the Rating: The credit rating is based on the information contained in the credit report. Such  information includes the number of loans, their receivables and credit limits, payment status, the number of requests submitted by the customer for credit, the period of credit contracts and otherwise.

• Active Products Summary: This summary provides information about the products obtained by the customer and whose contracts are still valid between the customer and the financing entity.
• Defaulted Products Summary: This summary provides information about the credit products whose liabilities were not fulfilled. There are two types of products: the active defaulted products whose contracts are still valid and the paid defaulted products whose payable liabilities are fulfilled.
• Guaranteed Defaulted Products Summary: It includes summary about the defaulted products guaranteed by the customer for the benefit of another beneficiary with an amount of more than SAR 500 and whose value is not paid by the beneficiary within 180 days from maturity date. There are two types of the defaulted products: the active guaranteed defaulted products whose contracts are still valid and the paid guaranteed defaulted products whose payable dues are fulfilled.
• Bounced Cheques:

The bank files the bounced cheques (any cheques issued without fulfillment consideration) and after objection paper is issued to the beneficiary where its value, date, reason for its return and the actions taken in its regard are written down.

• Product Details

• Bank (credit card)
• Bank (personal financing)
• Installment Details (in the event of changing the installment value)
• Solidarity financing
• Recent Inquiries

They pertain to collecting the customer's credit data.

• Execution Courts' Judgments

They include execution amount – i.e. the amount approved by the execution court and must be paid by the individual or the outstanding amount if the customer paid part thereof.

• Remarks

• Members' Remarks
• Customer's Personal Remarks

• Addresses
• Contact Numbers
• Job Information: It includes the employer, job title and the monthly salary.
• Legal Liability and Disclosure
• Manual of explaining the cases of payment: Every icon refers to the customer's payment status regarding the last regular or overdue payment during the past two years (the past 24 months)
• What is the Source of SIMAH Credit information? SIMAH obtains the credit information from its members (credit donors) who join SIMAH under the “membership agreements” that have been approved by the Saudi Central Bank (SAMA) in accordance with Credit Information Law and its executive regulations and work rules.